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ACC

NSEI:ACC
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACC
NSEI
₹181B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

ACC Limited manufactures and sells cement and ready mix concrete in India. The last earnings update was 25 days ago. More info.


Add to Portfolio Compare Print
  • ACC has significant price volatility in the past 3 months.
ACC Share Price and Events
7 Day Returns
3%
NSEI:ACC
-3.9%
IN Basic Materials
-3.6%
IN Market
1 Year Returns
-41.3%
NSEI:ACC
-33.3%
IN Basic Materials
-32.1%
IN Market
ACC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ACC (ACC) 3% -26% -33.9% -41.3% -34.7% -39.7%
IN Basic Materials -3.9% -29.6% -29.7% -33.3% -33.6% -13%
IN Market -3.6% -25.1% -30.2% -32.1% -24.1% -15.2%
1 Year Return vs Industry and Market
  • ACC underperformed the Basic Materials industry which returned -33.3% over the past year.
  • ACC underperformed the Market in India which returned -32.1% over the past year.
Price Volatility
ACC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is ACC undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ACC to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ACC.

NSEI:ACC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.3%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:ACC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.806 (1 + (1- 35%) (0%))
0.87
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (0.87 * 7.85%)
13.31%

Discounted Cash Flow Calculation for NSEI:ACC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ACC is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NSEI:ACC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 13.31%)
2020 1,520.40 Analyst x5 1,341.81
2021 9,538.40 Analyst x5 7,429.16
2022 20,638.00 Analyst x1 14,186.13
2023 23,357.72 Est @ 13.18% 14,169.64
2024 25,966.49 Est @ 11.17% 13,901.89
2025 28,501.37 Est @ 9.76% 13,466.61
2026 31,003.07 Est @ 8.78% 12,927.94
2027 33,510.67 Est @ 8.09% 12,332.18
2028 36,059.42 Est @ 7.61% 11,711.37
2029 38,680.23 Est @ 7.27% 11,086.90
Present value of next 10 years cash flows ₹112,553.00
NSEI:ACC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹38,680.23 × (1 + 6.48%) ÷ (13.31% – 6.48%)
₹603,034.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹603,034.47 ÷ (1 + 13.31%)10
₹172,847.54
NSEI:ACC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹112,553.00 + ₹172,847.54
₹285,400.54
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹285,400.54 / 187.79
₹1519.81
NSEI:ACC Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹1,519.81
Current discount Discount to share price of ₹962.60
= -1 x (₹962.60 - ₹1,519.81) / ₹1,519.81
36.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ACC is available for.
Intrinsic value
37%
Share price is ₹962.6 vs Future cash flow value of ₹1519.81
Current Discount Checks
For ACC to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ACC's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ACC's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ACC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ACC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:ACC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹73.35
NSEI:ACC Share Price ** NSEI (2020-04-03) in INR ₹962.6
India Basic Materials Industry PE Ratio Median Figure of 50 Publicly-Listed Basic Materials Companies 10.18x
India Market PE Ratio Median Figure of 2,614 Publicly-Listed Companies 9.41x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ACC.

NSEI:ACC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NSEI:ACC Share Price ÷ EPS (both in INR)

= 962.6 ÷ 73.35

13.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACC is overvalued based on earnings compared to the IN Basic Materials industry average.
  • ACC is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does ACC's expected growth come at a high price?
Raw Data
NSEI:ACC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.4%per year
India Basic Materials Industry PEG Ratio Median Figure of 14 Publicly-Listed Basic Materials Companies 0.88x
India Market PEG Ratio Median Figure of 400 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

NSEI:ACC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.12x ÷ 4.4%

2.96x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACC is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ACC's assets?
Raw Data
NSEI:ACC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹614.73
NSEI:ACC Share Price * NSEI (2020-04-03) in INR ₹962.6
India Basic Materials Industry PB Ratio Median Figure of 58 Publicly-Listed Basic Materials Companies 0.61x
India Market PB Ratio Median Figure of 3,613 Publicly-Listed Companies 0.63x
NSEI:ACC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NSEI:ACC Share Price ÷ Book Value per Share (both in INR)

= 962.6 ÷ 614.73

1.57x

* Primary Listing of ACC.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ACC is overvalued based on assets compared to the IN Basic Materials industry average.
X
Value checks
We assess ACC's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. ACC has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ACC expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ACC expected to grow at an attractive rate?
  • ACC's earnings growth is positive but not above the low risk savings rate of 6.5%.
Growth vs Market Checks
  • ACC's earnings growth is positive but not above the India market average.
  • ACC's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:ACC Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:ACC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.4%
NSEI:ACC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.5%
India Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 16%
India Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 8%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:ACC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:ACC Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 177,522 26,638 16,052 2
2021-12-31 164,130 22,510 14,726 9
2020-12-31 150,688 18,956 13,067 9
2020-04-06
NSEI:ACC Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 156,576 22,547 13,774
2019-09-30 154,928 18,365
2019-06-30 153,977 16,556 17,431
2019-03-31 150,961 16,161
2018-12-31 148,016 11,175 15,205
2018-09-30 144,003 9,938
2018-06-30 141,307 9,662
2018-03-31 137,357 9,637
2017-12-31 132,851 15,545 9,244
2017-09-30 126,190 7,557
2017-06-30 119,789 6,639
2017-03-31 114,056 5,837

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ACC's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • ACC's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:ACC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from ACC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ACC Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 85.35 88.90 81.80 2.00
2021-12-31 78.37 88.90 67.00 9.00
2020-12-31 70.84 88.10 54.57 11.00
2020-04-06
NSEI:ACC Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 73.35
2019-09-30 97.80
2019-06-30 92.82
2019-03-31 86.06
2018-12-31 80.97
2018-09-30 52.93
2018-06-30 51.46
2018-03-31 51.32
2017-12-31 49.23
2017-09-30 40.24
2017-06-30 35.35
2017-03-31 31.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ACC is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ACC's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ACC has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ACC performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ACC's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ACC's year on year earnings growth rate has been positive over the past 5 years.
  • ACC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ACC's 1-year earnings growth is negative, it can't be compared to the IN Basic Materials industry average.
Earnings and Revenue History
ACC's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ACC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:ACC Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 156,575.50 13,774.10 51,483.20
2019-09-30 154,928.40 18,364.70 51,192.90
2019-06-30 153,977.10 17,430.50 50,813.30
2019-03-31 150,961.40 16,161.00 50,846.20
2018-12-31 148,016.20 15,204.70 50,246.20
2018-09-30 144,002.60 9,938.20 50,116.50
2018-06-30 141,307.10 9,662.20 48,662.90
2018-03-31 137,357.10 9,637.30 44,298.40
2017-12-31 132,851.30 9,244.10 44,905.40
2017-09-30 126,190.20 7,557.10 41,212.50
2017-06-30 119,789.10 6,639.10 39,032.90
2017-03-31 114,056.30 5,837.40 36,494.60
2016-12-31 109,897.20 6,582.90 36,147.70
2016-09-30 114,849.20 6,504.30 36,055.30
2016-06-30 117,493.10 6,836.70 35,896.10
2016-03-31 118,473.70 5,780.10 36,849.70
2015-12-31 117,971.60 5,876.00 36,168.70
2015-09-30 116,074.40 8,114.30 36,673.70
2015-06-30 116,093.10 8,888.20 36,752.50
2015-03-31 116,570.90 9,985.10 36,047.60
2014-12-31 117,387.90 11,618.20 34,671.60
2014-09-30 116,856.30 11,113.10 35,037.20
2014-06-30 114,492.00 10,376.20 33,959.10
2014-03-31 112,305.90 10,562.30 32,757.00
2013-12-31 111,500.90 10,946.70 32,148.40
2013-09-30 111,341.40 10,702.00 31,928.10
2013-06-30 111,678.60 11,932.60 31,550.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ACC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ACC used its assets more efficiently than the IN Basic Materials industry average last year based on Return on Assets.
  • ACC has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ACC's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ACC has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ACC's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ACC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ACC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ACC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ACC's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • ACC has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ACC Company Filings, last reported 3 months ago.

NSEI:ACC Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 115,469.30 0.00 44,928.10
2019-09-30 109,947.80 0.00 30,563.70
2019-06-30 109,947.80 0.00 30,563.70
2019-03-31 105,349.30 0.00 29,336.60
2018-12-31 105,349.30 0.00 29,336.60
2018-09-30 96,013.80 0.00 21,770.20
2018-06-30 96,013.80 0.00 21,770.20
2018-03-31 93,587.30 0.00 27,374.30
2017-12-31 93,587.30 0.00 25,600.00
2017-09-30 92,200.80 0.00 17,936.60
2017-06-30 92,200.80 0.00 17,936.60
2017-03-31 86,443.00 0.00 18,772.70
2016-12-31 88,162.10 0.00 18,101.20
2016-09-30 86,416.10 0.00 13,655.40
2016-06-30 86,416.10 0.00 13,655.40
2016-03-31 84,237.90 0.00 13,214.80
2015-12-31 84,237.90 0.00 13,214.80
2015-09-30 83,418.70 0.00 11,396.60
2015-06-30 83,418.70 0.00 11,396.60
2015-03-31 82,206.10 0.00 16,108.60
2014-12-31 82,206.10 0.00 16,108.60
2014-09-30 81,298.10 0.00 18,712.30
2014-06-30 81,298.10 0.00 18,712.30
2014-03-31 78,160.80 350.30 25,446.30
2013-12-31 78,160.80 350.30 25,446.30
2013-09-30 78,308.00 350.30 23,662.30
2013-06-30 78,308.00 350.30 23,662.30
  • ACC has no debt.
  • ACC currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • ACC has no debt, it does not need to be covered by operating cash flow.
  • ACC has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ACC's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ACC has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ACC's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.45%
Current annual income from ACC dividends. Estimated to be 2.12% next year.
If you bought ₹2,000 of ACC shares you are expected to receive ₹29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ACC's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.96%).
  • ACC's dividend is below the markets top 25% of dividend payers in India (4.06%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:ACC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
India Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 0.8%
India Market Average Dividend Yield Market Cap Weighted Average of 1419 Stocks 2%
India Minimum Threshold Dividend Yield 10th Percentile 0.4%
India Bottom 25% Dividend Yield 25th Percentile 1%
India Top 25% Dividend Yield 75th Percentile 4.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:ACC Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 22.85 3.00
2021-12-31 21.15 10.00
2020-12-31 19.05 11.00
2020-04-06
NSEI:ACC Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2020-02-07 14.000 1.165
2019-02-05 14.000 0.914
2018-04-18 26.000 1.794
2017-07-17 17.000 0.995
2017-02-03 17.000 1.104
2016-07-26 17.000 1.149
2016-02-10 17.000 1.190
2015-07-17 30.000 2.229
2015-02-24 34.000 2.241
2015-02-03 34.000 2.164
2014-07-24 34.000 2.327
2014-03-12 30.000 2.168
2014-02-06 30.000 2.751
2013-07-25 30.000 2.782
2013-02-07 30.000 2.453
2012-07-26 28.000 2.028
2012-03-01 28.000 2.251
2012-02-09 28.000 2.107
2011-02-03 23.000 2.166
2010-03-08 26.000 2.773
2010-02-04 26.000 2.878
2009-10-28 20.000 2.420
2009-07-24 20.000 2.475

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ACC's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.1x coverage).
X
Income/ dividend checks
We assess ACC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ACC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ACC has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ACC's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sridhar Balakrishnan
AGE 49
TENURE AS CEO 0.2 years
CEO Bio

Mr. Sridhar Balakrishnan has been Managing Director, Chief Executive Officer and Executive Director of ACC Limited since February 21, 2020 and had been its Chief Commercial Officer since July 2018 until February 20, 2020. He was responsible for driving revenue growth and profitability for the ACC. He leads commercial strategy and execution, ensuring an optimum and profitable product portfolio, and building the right sales organisation to deliver business goals. Mr. Balakrishnan joins ACC from Star India, where he was the President and Head of Distribution accountable for driving and maximising the subscription revenue business. He has spent the majority of his 24-year career in the FMCG industry spending over two decades at Marico Ltd. in different roles - from handling sales, business finance and supply chain for India to managing P&L across international geographies of Rest of South Asia, Middle East & Africa. He was Chief Operating Officer of Middle East, Africa and New Country Development at Marico. He is an engineering graduate with a B. Tech (Electronics) degree from the Institute of Technology (Banaras Hindu University), Varanasi and has a Post Graduate Diploma in Business Management from XLRI, Jamshedpur.

CEO Compensation
  • Insufficient data for Sridhar to compare compensation growth.
  • Insufficient data for Sridhar to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the ACC management team in years:

1.7
Average Tenure
49
Average Age
  • The average tenure for the ACC management team is less than 2 years, this suggests a new team.
Management Team

Rajani Kesari

TITLE
Chief Financial Officer
COMPENSATION
₹15M
AGE
48
TENURE
0.7 yrs

Rajiv Choubey

TITLE
Chief Legal Officer
COMPENSATION
₹4M
AGE
47
TENURE
1.8 yrs

Sridhar Balakrishnan

TITLE
MD, CEO & Executive Director
AGE
49
TENURE
0.2 yrs

Ashish Prasad

TITLE
Chief Marketing Officer and Head of New Products & Services
AGE
48
TENURE
1.7 yrs

Bhogendra Mishra

TITLE
Head of Human Resources
TENURE
1.3 yrs

Rajesh Seth

TITLE
Head of Central Logistics
COMPENSATION
₹6M
AGE
62
TENURE
10.7 yrs

Sudipto Bhattacharya

TITLE
Senior Vice President
COMPENSATION
₹6M
AGE
58
TENURE
10.3 yrs

Martin Muller

TITLE
Head of Technical Education
COMPENSATION
₹9M
AGE
68

Procyon Mukherjee

TITLE
Chief Procurement Officer
TENURE
2.3 yrs

Kiran Patil

TITLE
Chief Manufacturing Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the ACC board of directors in years:

5.1
Average Tenure
61.5
Average Age
  • The tenure for the ACC board of directors is about average.
Board of Directors

Narotam Sekhsaria

TITLE
Chairman of the Board
COMPENSATION
₹5M
AGE
70
TENURE
14.3 yrs

Sridhar Balakrishnan

TITLE
MD, CEO & Executive Director
AGE
49
TENURE
0.2 yrs

Jan Jenisch

TITLE
Deputy Chairman of the Board
COMPENSATION
₹2M
AGE
53
TENURE
2.5 yrs

Shailesh Haribhakti

TITLE
Non-Executive Independent Director
COMPENSATION
₹4M
AGE
63
TENURE
14.2 yrs

Sushil Roongta

TITLE
Non-Executive Independent Director
COMPENSATION
₹5M
AGE
69
TENURE
9.2 yrs

Falguni Nayar

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
56
TENURE
6 yrs

Sunil Mehta

TITLE
Non-Executive Independent Director
COMPENSATION
₹3M
AGE
62
TENURE
1.1 yrs

Damodarannair Sundaram

TITLE
Non-Executive Independent Director
COMPENSATION
₹4M
AGE
66
TENURE
1.1 yrs

Vijay Sharma

TITLE
Non-Independent Non-Executive Director
COMPENSATION
₹2M
AGE
61
TENURE
6.2 yrs

Martin Kriegner

TITLE
Non-Executive Non-Independent Director
COMPENSATION
₹430K
AGE
58
TENURE
4.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess ACC's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ACC has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is There Now An Opportunity In ACC Limited (NSE:ACC)?

saw significant share price volatility over the past couple of months on the NSEI, rising to the highs of ₹1662.1 and falling to the lows of ₹1344.9. … A question to answer is whether ACC's current trading price of ₹1451.5 reflective of the actual value of the? … Let’s take a look at ACC’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Type Of Shareholder Owns ACC Limited's (NSE:ACC)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutional investors have bought into the company.

Simply Wall St -

Does ACC Limited's (NSE:ACC) Stock Price Account For Its Growth?

Growth expectations for ACC Limited (NSE:ACC) are high, but many investors are starting to ask whether its last close at ₹1503.2 can still be rationalized by the future potential. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … Analysts are predicting good growth prospects for ACC over the next couple of years

Simply Wall St -

Did ACC Limited (NSE:ACC) Create Value For Shareholders?

and want to learn about Return on Equity using a real-life example. … If ACC borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface.

Simply Wall St -

Does ACC Limited (NSE:ACC)'s Capital Return Make The Cut?

and want a simplistic look at the return on ACC Limited (NSE:ACC) stock. … Your return is tied to ACC’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Thus, to understand how your money can grow by investing in ACC, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Does ACC Limited's (NSE:ACC) PE Ratio Warrant A Sell?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … Breaking down the Price-Earnings ratio

Simply Wall St -

ACC Limited (NSE:ACC) Has Attractive Fundamentals, Here's Why

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on ACC Limited (NSE:ACC) due to its excellent fundamentals in more than one area.

Simply Wall St -

Is It Too Late To Buy ACC Limited (NSE:ACC)?

saw significant share price volatility over the past couple of months on the NSEI, rising to the highs of ₹1587.15 and falling to the lows of ₹1270.05. … A question to answer is whether ACC's current trading price of ₹1339.9 reflective of the actual value of the? … Let’s take a look at ACC’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why ACC Limited (NSE:ACC) Is A Financially Healthy Company

This article will examine ACC’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Don’t forget that this is a general and concentrated examination of ACC's financial health, so you should conduct further analysis.

Simply Wall St -

ACC Limited (NSE:ACC) Is An Attractive Dividend Stock, Here's Why

The company currently pays out a dividend yield of 1.97% to shareholders, making it a relatively attractive dividend stock. … 5 questions I ask before picking a dividend stock … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Company Info

Description

ACC Limited manufactures and sells cement and ready mix concrete in India. The company offers ordinary Portland cement; blended cement, including fly-ash based Portland Pozzolana cement and Portland slag cement; gold and silver range of cement; ACC LeakBlock, an integral waterproofing compound used in concrete and plaster in the construction of new houses; and bulk cement, as well as tile adhesives. It distributes its products through a network of dealers, retailers, masons, engineers, and architects, as well as sales offices. The company was formerly known as The Associated Cement Companies Limited and changed its name to ACC Limited in September 2006. ACC Limited was founded in 1936 and is headquartered in Mumbai, India. ACC Limited is a subsidiary of Ambuja Cements Limited.

Details
Name: ACC Limited
ACC
Exchange: NSEI
Founded: 1936
₹180,764,019,363
187,787,263
Website: http://www.acclimited.com
Address: ACC Limited
Cement House,
121 Maharshi Karve Road,
Mumbai,
Maharashtra, 400020,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NSEI ACC Equity Shares National Stock Exchange of India IN INR 02. Jan 1992
BSE 500410 Equity Shares Mumbai Stock Exchange IN INR 02. Jan 1992
Number of employees
Current staff
Staff numbers
7,400
ACC employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 13:05
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/12
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.